Press release
Antibody Production Market to Witness Major Growth by 2028 | Roche Holding AG, Johnson & Johnson, Novartis AG
Antibody Production Market
The antibody production market refers to the industry involved in the manufacturing and commercialization of antibodies, which are proteins produced by the immune system in response to the presence of specific antigens (foreign substances). Antibodies play a crucial role in the immune response by recognizing and binding to antigens, thereby targeting them for destruction or removal from the body.
The global Antibody Production market size was valued at USD 165.7 Billion in 2023 and is expected to hit around USD 360.4 Billion by 2029, progressing with a compound annual growth rate of 10.5% from 2023 to 2029.
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Qualitative Insights from Study
Market Drivers
• Rising prevalence of chronic diseases such as cancer, autoimmune disorders, and infectious diseases.
• Advances in genetic engineering and recombinant DNA technologies have made antibody manufacture more efficient.
• Increasing use of personalised medicine and targeted medicines is strongly reliant on the creation
Market Trend
• Noteworthy development is the increased use of antibody engineering techniques.
• Creation of new antibody forms, such as bispecific antibodies and antibody-drug conjugates.
• Artificial intelligence and machine learning are also revolutionising antibody de
Market Restraints:
• High cost of antibody production, which includes R&D costs, manufacturing costs.
• Complex production processes, as well as the requirement for tight quality assurance.
• Producing antibodies in high quantities can be time-consuming.
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Market Scope / Segment Breakdown
Global Antibody Production market has been analyzed on various dimensions that includes market sizing and share analysis in dollar term as well as by volume* and price. The segments included in the market study are mentioned below which has been reviewed both qualitatively and quantitatively.
Based on the type, the market is bifurcated as Monoclonal Antibodies, Polyclonal Antibodies, Recombinant Antibodies, Others, and On the basis of application, the market is divided as Therapeutics, Diagnostics, Research Tools, Others.
The report covers information regarding competitive outlook including the market share and company profiles of the key participants operating in the global Antibody Production market. Some of the players that are profiled in the study are Roche Holding AG (Switzerland), Johnson & Johnson (United States), Novartis AG (Switzerland), Merck & Co., Inc. (United States), AbbVie Inc. (United States), Amgen Inc. (United States), AstraZeneca PLC (United Kingdom), Pfizer Inc. (United States), Eli Lilly and Company (United States), Bristol-Myers Squibb Company (United States), GlaxoSmithKline PLC (United Kingdom), Sanofi S.A. (France) etc.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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Research Objective
• To define and describe the Antibody Production segmented by product & service, by application, by end-user, and by region.
• To estimate and forecast the Antibody Production by value in USD Billion.
• To estimate and forecast the market size for various segments with regard to Region Name.
• To profile key players and comprehensively analyze their market position in terms of ranking and core competencies.
• To analyze the markets situation with regard to industry trends, prospects, and contribution to the total market by identifying the high-growth segments of the Antibody Production and provide the competitive landscape.
• To provide industry attractiveness with help of various tools such as Porter's five force analysis and the PESTEL analysis.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand Antibody Production market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, or Southeast Asia.
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 434 322 0091
sales@htfmarketintelligence.com
About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.
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